An earlier version of this report had incorrect quarterly loss figures for Rivian. It has been corrected. Rivian Automotive Inc. lost more than $2 billion in the fourth quarter, saying that supply-cha...
Tag: RIVN
Rivian (RIVN) earnings Q4 2021
Rivian signage at the Nasdaq on their IPO day, November 10, 2021 in New York. Source: Rivian Shares of Rivian Automotive tumbled in after-hours trading Thursday after the company missed Wall Street...
George Soros Buys a Big Rivian Stake
Text size Soros Fund Management’s stake was worth about $2.1 billion at the end of December. Courtesy Rivian George Soros’ family investment office, Soros Fund Management, revealed a new stake i...
Billionaire George Soros reveals stake in Rivian, sells some tech shares
Billionaire George Soros’ investment fund has taken a more than $1 billion stake in electric-pickup maker Rivian Automotive Inc. According to a filing with the Securities and Exchange Commission on Fr...
Tesla Finally Gets a Mention as Biden Talks Up Electric Vehicles
Text size President Joe Biden spoke in Washington, D.C., on Tuesday. Brendan Smialowski/AFP/Getty Images President Joe Biden just publicly said the T-word— Tesla —seeming to extend an olive branch to ...
Ford’s Rivian Stake Is Worth Billions. Why That Might Be a Problem.
Text size Ford Motor Company’ logo Jeff Kowalsky/AFP via Getty Images Despite recent stock volatility, Ford Motor is making a mint on its investment in electric truck startup Rivian Automotive ....
Rivian Stock Drops on Hints of Vehicle Production Issues
Text size 2022 Rivian R1T Courtesy of Rivian Stock in electric truck startup Rivian Automotive was falling Tuesday because of two issues that impact the same key success factor for the company: vehicl...
GM’s Chevy Silverado EV Has Arrived. It Could Move the Stock.
Text size A 2024 Silverado EV RST. Courtesy GM Launches of new models typically aren’t stock-market issues for traditional auto manufacturers, but things are changing. General Motors ‘ unveiling of th...
Rivian Shares Plunge Nearly 15% In Two Days After Amazon Signs Deal With Rival
Topline Shares of electric vehicle startup Rivian have fallen by around 15% in the last two days, hitting a new low after Amazon signed a deal to buy electric vans from rival automaker Stellantis and ...
Rivian Stock Is Dropping Like a Stone. Blame Amazon.
Text size Amazon has ordered 100,000 delivery vans from Rivian. Courtesy Amazon Stock in Rivian Automotive is falling fast because it seems the start-up has competition in supplying electric trucks to...
Citi Is Bullish on Lucid Stock. Where Is the Rest of Wall Street?
Text size A Lucid Air Grand Touring electric luxury car. Patrick T. Fallon/AFP/Getty Images Citigroup is staying bullish on electric-vehicle startup Lucid to start the new year. Analyst Itay Michaeli ...
Rivian Earnings Are Coming. Wall Street Is Cutting Price Targets in Preparation.
Text size The average analyst target price for Rivian is down to about $116 a share from $133 over the past month. Courtesy Rivian Electric truck maker Rivian Automotive reports fourth-quarter numbers...